The most expensive flat on Spareroom.co.uk

The current most expensive flat on Spareroom.co.uk is a flat in Oxford Circus for £1200 a week.

 





You would think for that kind of money the agency would have lit their photos a bit better but there you go.

Earn £100 000 to afford rent in Central London

According to an Evening Standard article this week an 'affordable' rental property is defined as being 35 % of your salary.  According to research a person has to earn £100 000 a year to be able to rent a property by themselves and still be able to have a decent standard of living.  That would work out as £1750 a month rent.

I earn about £1600 a month at the moment so an affordable rent for me would cost £560 a month.

So how many flats on Spareroom.co.uk are there for rent for £560 a month in London?

Well there is this 'flat' in Streathem Hill for £550 a month which seems to be a single bed room with a sink and possibly a hot plate.  No information on whether you get a toilet or not.



And this £500 a month room in Greenford which does come with a bathroom (or 'wet room' as the advert describes it).  Not sure why the plug socket needs to play such a prominent role in the photo.



What could I get for £1500 to £1750 a month ?

A lot of choice in Central London, that's what.  Once you get down to £1000 a month the amount of choice really tails off....

http://www.standard.co.uk/news/london/earn-100000-to-afford-rent-in-central-london-8754108.html